Inventory Control Specialist (225-919)

The Inventory Control Specialist plays a pivotal role in ensuring that a company’s inventory levels are appropriate, accurate, and efficiently managed. This position requires an individual who can meticulously track inventory through its entire life cycle, ensuring optimal inventory levels that contribute to the operational efficiency and financial health of the organization. The specialist will be responsible for analyzing inventory data, managing stock movements, and implementing inventory control strategies to optimize stock levels. As an Inventory Control Specialist, you will be expected to work closely with various departments such as procurement, sales, and logistics to ensure a streamlined supply chain process. Your attention to detail, organizational skills, and analytical abilities will be crucial in maintaining accurate inventory records that minimize shrinkage and reduce costs.

Responsibilities

• Monitor and maintain current inventory levels; process purchasing orders as required.
• Conduct regular physical inventory counts to validate inventory records accurately.
• Analyze inventory data to predict future inventory requirements and improve hit rates.
• Develop and implement inventory control and management procedures and documentation.
• Coordinate with procurement and logistics to manage and forecast inventory needs.
• Investigate and reconcile any inventory discrepancies in collaboration with warehouse staff.
• Identify and resolve issues related to inventory inaccuracies promptly and accurately.
• Prepare detailed inventory reports for upper management and audit purposes.
• Implement and maintain a database for inventory tracking using ERP or other software systems.
• Train and guide staff on inventory policies and effective inventory control measures.
• Oversee the daily organization and operations of the stockroom or warehouse area.
• Participate in continuous improvement activities to streamline inventory processes and practices.

Requirements

• Bachelor’s degree in Business Administration, Supply Chain Management, or related field.
• At least 3 years of experience in inventory management or a related field.
• Strong analytical and problem-solving skills with attention to detail.
• Proficiency in inventory management software such as ERP systems.
• Excellent organizational and communication skills to effectively liaise between departments.
• Working knowledge of inventory audit principles and practices.
• Ability to work independently and handle multiple tasks simultaneously under tight deadlines.